From a new report by KPMG: Tax Rates worldwide have fallen every year since 2003. Real Clear Markets posted a graph summarizing the study in their By The Numbers section. In 2003, the average top tax rate was 31.2%. In 2009, the average rate has fallen to 28.9%.
- World Average Top Rate vs. US Top Rate (KPMG)
The US will have to react at some point…
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